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Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.98 1.00 1.06
Value Traded (JD) 87,748 84,100 524,138
No. of Shares Traded 88,755 84,238 449,722
No. of Transactions 56 138 522
No. of Subscribed Shares 20,000,000 20,000,000 20,000,000
Market Capitalization (JD) 19,600,000 20,000,000 21,200,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Cash on Hand & at Banks 278,974 267,584 260,733
Notes Receivable 0 0 0
Short Term Investments 0 0 0
Inventory 1,788,822 1,495,314 1,466,486
Spare Parts 0 0 0
Total Current Assets 8,364,782 7,745,207 8,838,947
Long Term Investments 4,091,849 4,270,135 4,614,057
Fixed Assets, Net 10,994,095 11,464,589 12,731,255
Lands 5,381,711 5,367,116 5,190,304
Projects in Progress 1,338,641 0 0
Total Fixed Assets 17,714,447 16,831,705 17,921,559
Other Assets 0 0 0
Total Assets 30,171,078 28,847,047 31,374,563

Liabilities (JD)

2019 2018 2017
Credit Banks 2,782,330 5,450,384 6,483,807
Short Term Loans 0 0 0
Accrued Part of Long Term Loans 0 0 0
Total Current Liabilities 9,429,184 8,793,583 10,120,507
Long Term Loans & Notes Payable 0 0 0
Corporate Bonds 0 0 0
Other Liabilities 0 0 0
Total Liabilities 9,429,184 8,793,583 10,120,507

Shareholders Equity (JD)

2019 2018 2017
Authorized Capital 20,000,000 20,000,000 20,000,000
Subscribed Capital 20,000,000 20,000,000 20,000,000
Paid in Capital 20,000,000 20,000,000 20,000,000
Compulsory Reserves 1,248,790 1,119,372 1,053,622
Voluntary Reserve 78,853 78,853 78,853
Other Reserves 0 0 0
Purchase of Non-controlling interest differences 0 0 0
Issuance Premium 1,911,328 1,911,328 1,911,328
Issuance Discount 0 0 0
Treasury Stocks 0 0 0
Cash Dividends 0 0 0
Stock Dividends 0 0 0
Accumulated Change in Fair Value -1,809,172 -1,648,467 -1,333,915
Retained Earnings -687,905 -1,407,622 -455,832
Total Shareholders Equity 20,741,894 20,053,464 21,254,056
Non-controlling Interest 0 0 0
Total Liabilities & Shareholders Equity 30,171,078 28,847,047 31,374,563

Income Statement (JD)

2019 2018 2017
Operating Revenues 14,442,280 14,224,251 14,770,729
Operating Expenses 8,929,280 9,484,233 10,802,077
Gross Profit 5,513,000 4,740,018 3,968,652
General and Administrative Expenses 3,363,254 3,365,228 3,546,636
Selling and Distribution Expenses 0 0 0
Depreciation (Period) 2,027,255 2,197,012 2,469,000
Other Operating Expenses 966,070 967,177 1,477,776
Net Operational Income 1,183,676 407,613 -1,055,760
Other Revenues 528,835 668,565 649,003
Other Expenses 24,237 0 92,830
Income Before Interest & Tax 1,688,274 1,076,178 -499,587
Interest Expenses 281,590 418,686 386,331
Net Income Before Tax 1,406,684 657,492 -885,918
Income Tax (period) 112,508 0 0
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 45,000 45,000 0
Net Income 1,249,176 612,492 -885,918
Non-controlling Interest 0 0 0
Net Income Pertains to Shareholders 1,249,176 612,492 -885,918

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 267,584 260,733 358,463
Net Cash Flow from (Used in) Operating Activities 5,842,895 2,536,118 2,047,237
Net Cash Flow from (Used in) Investing Activities -2,916,653 -1,077,158 -1,300,720
Net Cash Flow from (Used in) Financing Activities -2,914,852 -1,452,109 -844,247
Cash Balance (Ending) 278,974 267,584 260,733

Financial Ratios

2019 2018 2017
Turnover Ratio % 0.444 0.421 2.249
Earning Per Share (JD) 0.063 0.031 -0.044
Dividend Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 1.037 1.003 1.063
Price Earnings Ratio (Times) 15.690 32.654 -23.930
Dividend Yield % 0.000 0.000 0.000
Dividends Per Share to Earning Per Share % 0.000 0.000 0.000
Price to Book Value (Times) 0.9449 0.9973 0.9975
Gross Margin % 38.173 33.324 26.868
Margin Before Interest and Tax % 11.690 7.566 -3.382
Profit Margin % 8.649 4.306 -5.998
Return On Assets % 4.140 2.123 -2.824
Return On Equity % 6.023 3.054 -4.168
Debt Ratio % 31.252 30.484 32.257
Equity Ratio % 68.748 69.517 67.743
Interest Coverage Ratio (Times) 5.996 2.570 -1.293
Total Assets Turnover (Times) 0.479 0.493 0.471
Fixed Assets Turnover (Times) 0.815 0.845 0.824
Working Capital Turnover (Times) -13.568 -13.568 -11.526
Current Ratio (Times) 0.887 0.881 0.873
Working Capital (JD) -1,064,402.000 -1,048,376.000 -1,281,560.000